I'm going to laugh at you guys when it's 17 in January.
the thing is this: we all know the block reward is halving. the whole market knows this. it is not far off. one can debate that it is/was priced in. hitting 15 was quite the achievement that lasted about 14 whole minutes. there are plenty of btc in the market right this second to cover demand now and in jan. the reward halving is going to be a non event except for miners who will be sad. winter has been a really poor time to hold btc compared to summer. it seems quite seasonal to me as interest dies off for a while. 17 by next summer? that i might bet on. If you believe that mining really has any nominal effect on the price, then yes you would believe that. However, check out the numbers and you'll see it doesn't. It's a fraction compared to those speculating on the economy/ investing early in preparation for astronomical numbers following (incremental) mainstream acceptance. If the price was based on mining, it would be far more linear than it is now. so speculation is somehow supposed to get us to 17 come jan? i do think that mining puts a downward pressure on the price on a daily basis. many miners sell all the time. i do. those btc add up over a week/month time frame. the bitcoin economy, so far, seems to be a whole lot of goofy ideas, outright fraud, with a tiny percentage of workable ideas. so by jan seems optimistic to hit 17. it will take more time then that. but i am not a true believer like many here. i see bitcoin as a cash cow to milk until those teets dry up. my point is this: i think many large btc holders will realize the safe bet in the short term will be usd/whatever. why let your money be a dead investment for the next few months with a good risk to lose quite a bit of it? Dead investment? I've made like 80% in 4 months just hoarding (squirrel ftw!). Not sure how to say this without sounding insulting - but if you pay attention to the larger macroeconomics on the worldscene right now you would not think that USD/whatever is anything close to safe. i do pay attention to the world scene and only a squirrel who lost his nut would put serious money into bitcoin when there are other options available that can hedge against a crazy world going bonkers. People race to the dollar when shit hits the fan for very good reasons. This will not change in our lifetimes. Past performance does not equate to future performance. Everyone knows that. You road the summer ride up just like what happened last year. Lets see who rides it down this winter? good luck to you! i will gladly sell for anything above 10 right now. We can agree to disagree then I suppose (and good luck to you as well!) But answer me this, why does the season have anything to with the price? |
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I'm going to laugh at you guys when it's 17 in January.
the thing is this: we all know the block reward is halving. the whole market knows this. it is not far off. one can debate that it is/was priced in. hitting 15 was quite the achievement that lasted about 14 whole minutes. there are plenty of btc in the market right this second to cover demand now and in jan. the reward halving is going to be a non event except for miners who will be sad. winter has been a really poor time to hold btc compared to summer. it seems quite seasonal to me as interest dies off for a while. 17 by next summer? that i might bet on. If you believe that mining really has any nominal effect on the price, then yes you would believe that. However, check out the numbers and you'll see it doesn't. It's a fraction compared to those speculating on the economy/ investing early in preparation for astronomical numbers following (incremental) mainstream acceptance. If the price was based on mining, it would be far more linear than it is now. so speculation is somehow supposed to get us to 17 come jan? i do think that mining puts a downward pressure on the price on a daily basis. many miners sell all the time. i do. those btc add up over a week/month time frame. the bitcoin economy, so far, seems to be a whole lot of goofy ideas, outright fraud, with a tiny percentage of workable ideas. so by jan seems optimistic to hit 17. it will take more time then that. but i am not a true believer like many here. i see bitcoin as a cash cow to milk until those teets dry up. my point is this: i think many large btc holders will realize the safe bet in the short term will be usd/whatever. why let your money be a dead investment for the next few months with a good risk to lose quite a bit of it? Dead investment? I've made like 80% in 4 months just hoarding (squirrel ftw!). Not sure how to say this without sounding insulting - but if you pay attention to the larger macroeconomics on the worldscene right now you would not think that USD/whatever is anything close to safe. |
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I'm going to laugh at you guys when it's 17 in January.
the thing is this: we all know the block reward is halving. the whole market knows this. it is not far off. one can debate that it is/was priced in. hitting 15 was quite the achievement that lasted about 14 whole minutes. there are plenty of btc in the market right this second to cover demand now and in jan. the reward halving is going to be a non event except for miners who will be sad. winter has been a really poor time to hold btc compared to summer. it seems quite seasonal to me as interest dies off for a while. 17 by next summer? that i might bet on. If you believe that mining really has any nominal effect on the price, then yes you would believe that. However, check out the numbers and you'll see it doesn't. It's a fraction compared to those speculating on the economy/ investing early in preparation for astronomical numbers following (incremental) mainstream acceptance. If the price was based on mining, it would be far more linear than it is now. |
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I'm going to laugh at you guys when it's 17 in January.
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This site is operated by a guy in ROMANIA. If you know anything about this country, you would stay the hell away.
I take it you've never seen Romanian girls.  Yes, I have. They tried to steal my wallet (while in paris). Seriously dodgy fuckers Paris? Pretty sure they were Romani, not Romanian. Sounds alike, different thing. Well Roma does originate mostly from romania, but yes, they are two different things. |
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This site is operated by a guy in ROMANIA. If you know anything about this country, you would stay the hell away.
I take it you've never seen Romanian girls. Yes, I have. They tried to steal my wallet (while in paris). Seriously dodgy fuckers |
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This site is operated by a guy in ROMANIA. If you know anything about this country, you would stay the hell away. Seriously, anyone that pays this fee is retarded. https://en.bitcoin.it/wiki/MPEx |
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As the title says, the fee for opening a new account on MPEx is 30 BTC, effective immediately. Already existing accounts are unaffected. The fee is projected to keep increasing for the indeterminate future.
Wow, using the issues that GLBSE is having to gouge people? Fuck you and the horse you rode in on. I'll do my best to ensure you fail. |
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From the site:
GLBSE is offline
For those worried about their bitcoin, please calm yourselves there has been no hack and your coins are safe and all accounted for.
I apologize for the lack of notice and the downtime, but there isn't much choice. We will update our users on Saturday.
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Only 4k now - but yeah someone just bought 1-2k and took a piece out of the wall, at 13
refresh, its 5K again  |
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Only 4k now - but yeah someone just bought 1-2k and took a piece out of the wall, at 13
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 Shazam! |
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you gaise are getting exited over a 4% increase?
Once it clears 13, hold on. It's going to get wild  dammit. |
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you gaise are getting exited over a 4% increase?
Once it clears 13, hold on. It's going to get wild |
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 OM NOM NOM |
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you'll see you knocked on the bears door, that's what you did. price will fall well below 12$. the block reward halfing will have no effect on price, and then people will panic  Alright then, well the bet is up now http://betsofbitco.in/item?id=725 |
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